IRANTEX Textile Exhibition Attracts Business Despite US Sanctions

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The Exhibition of Textile Machinery, Raw Materials, Home Textile, Embroidery & Textile Products (IRANTEX 2018) was held in the Tehran International Permanent Fairground from December 2-5, with the participation of European and Asian companies.

The representatives of foreign textile machinery manufacturing companies expressed readiness to continue cooperation with Iran and transfer technology to this country. “We have good relations with Iran and seek to expand our collaborations,” said Pony Ma Chunguang, the sales manager of Chinese Yuejian Intelligence which has been engaged in the Iranian market for seven years. He said that despite the financial difficulties made by US sanctions, Chinese manufacturers are willing to stay active in Iran.

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Erkan Yilmaz, representative of one of the Turkish participants at the exhibition said that the company has been collaborating with Iran textile industry for the last 14 years, and will continue to do so. “Europe does not support the sanctions imposed by the US and we never miss Iran’s market,” said the regional sales manager of Belgium-based machinery production Picanol, Vincent Geldhof. According to an Italian machinery exhibitor though, the US sanctions have hurt business with the country.

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